BSE (previously known as Bombay Stock Exchange) was founded in 1875 and is Asia’s first and fastest stock exchange in the world, with a speed of 6 microseconds. It is also one of
India’s top exchange groups. Over the past 143 years, the BSE has helped the Indian corporate sector thrive by offering an efficient capital-raising platform. The bourse, often known as the BSE, was founded in 1875 as ‘The Native Share & Stock Brokers’ Association. In 2017, the BSE became India’s first listed stock exchange. BSE Limited operates the BSE market, which is considered India’s largest stock market in terms of the number of companies listed. The BSE has over 5000 companies listed, which is the most of any exchange in
the world. The BSE trades equities, debt instruments, derivatives, mutual funds, and SME equity. BSE also offers risk management, clearing, settlement, market data services, IT services and solutions, index licencing such as the S&P BSE SENSEX, and financial and capital markets training.
BSE Share Buyback 2023 Details
| BSE Buyback Dates | Coming soon |
|---|---|
| BSE Buyback Price | INR 816 per share |
| Market Price on Buyback Approval | INR 705.40 per share |
| Buyback Premium on Market Price | 15.68% |
| Buyback Offer Size (Shares) | 45,93,137 shares |
| Buyback Offer Size (Amount) | INR 374.80 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 2 per share |
| Listing At | NSE |
BSE Buyback Dates (Timeline):
| Board Meeting Intimation for Buyback Proposal | 3 July 2023 |
| Buyback Approval Date | 6 July 2023 |
| Public Announcement of Buyback | Coming soon |
| BSE Buyback Record Date | Coming soon |
| Buyback Opening Date | Coming soon |
| Buyback Closing Date | Coming soon |
| Cut-off Date to receive completed tender forms by Registrar | Coming soon |
| Verification Date by the Registrar | Coming soon |
| Return of unaccepted shares by Registrar | Coming soon |
| Extinguishment of accepted shares | Coming soon |
BSE Buyback 2023 Documents
- Letter of Offer
- Draft Letter of Offer
- Public Announcement
- Board Approval
- Upcoming Share Buyback
- BSE Limited IPO
- BSE IPO Review: Go to market with a piece of history
BSE Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
|---|---|---|
| Small Shareholders | ||
| (less than INR 2 Lakh on record date) | – | 21.35 |
| General category | ||
| (for all other Eligible Shareholders) | – | – |
BSE Financial Performance
| FY 2022 | FY 2023 | |
|---|---|---|
| Revenue | 743.15 | 815.53 |
| Total Expenses | 600.45 | 705.91 |
| Net income | 244.93 | 205.65 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price per share | INR 816 |
| Maximum shares for small shareholder (2,00,000/816) | 246 shares * |
| Closing price of stock as on 6 July 2023 | INR 705.40** |
| Maximum amount invested in buyback (INR 705.40x 246 shares) | INR 1,73,528 |
BSE Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
|---|---|---|---|---|
| 246 | 53 | 53 (100%) | 5,861.8 | 3.38 |
| 246 | 53 | 106 (200%) | 11,723.6 | 6.76 |
| 246 | 53 | 159 (300%) | 17,585.4 | 10.13 |
BSE Buyback 2023 FAQs:
Q1. What are BSE buyback dates?
Ans. BSE share buyback opens on 2023 and closes on 2023.
Q2. Which type of is BSE buyback offer?
Ans. BSE buyback is a tender offer.
Q3. What is the BSE buyback price?
Ans. BSE buyback price is INR 816 per share.
Q4. What is the BSE buyback record date?
Ans. BSE buyback record date is Coming soon.
Q5. How to participate in BSE share buyback?
Ans. BSE share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
